NEW YORK, May 15, 2009 -- Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, today announced that its board of directors declared a quarterly dividend of $.15 per share of common stock. This represents a seven percent increase above the quarterly dividend of $.14 per share, declared on Jan. 23, 2009. The dividend will be payable on June 9, 2009 to stockholders of record as of the close of business on May 26, 2009.
"Despite the global economic slowdown, where many companies have trimmed or cut their dividends completely, Assurant is pleased to be able to increase its quarterly dividend for the fifth straight year," says Robert B. Pollock, Assurant's president and chief executive officer. "We believe this increase reflects our continued strong capital position, our ability to generate solid cash flows through our diversified portfolio of specialty insurance businesses and the disciplined capital management philosophy to which we remain steadfastly committed."
Future dividend declarations will be made at the discretion of the Assurant board of directors and will be based on such factors as the company's earnings, financial condition, cash requirements, future prospects and other factors.
Assurant is a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses -- Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits -- have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments worldwide.
Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has more than $23 billion in assets and $8 billion in annual revenue. www.assurant.com
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